Crypto news from CoinGuo.com: Over the past 10 days, SHIB exchange reserves have fallen by about 1.4 trillion tokens, bringing the current total reserves down to 86.48 trillion tokens. This change suggests a significant shift in exchange-related activity. Although reserves have generally declined, recent on-chain data shows that SHIB is still actively flowing between exchanges and private wallets, giving traders mixed signals. SHIB’s current price is near $0.00000425, still below several key moving averages, indicating that the market overall remains dominated by bears. Despite ongoing market pressure, SHIB has stabilized above its recent lows, and the RSI indicator has recovered from oversold conditions, suggesting that aggressive selling has weakened.
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